Litigation Capital Mgmt. Aktie

Northleaf has extended the waiver of loan covenants for Litigation Capital Management until 31 August 2026; the deadline would originally have expired on 31 July 2026. The interest rate increase of 2.00% per year that applied during the first waiver period remains in effect, and no additional one-off fee was charged for the extension. The company emphasizes Northleaf’s continued support while it works on a long-term solution for the capital structure and continues its strategic review. » Altro su de.investing.com

An Australian court on 11 March 2026 dismissed a lawsuit funded by Litigation Capital Management. LCM had financed the case with A$1.4 million of shareholder capital. An after-the-event insurance policy covers the risk of adverse costs orders. The company is reviewing the judgment and coordinating further steps with the funded party and legal advisers. » Altro su de.investing.com

Litigation Capital Management (LCM) said the strategic review, which has been underway since 15 September, is progressing well and is accompanied by constructive discussions with several credible counterparties. The board is considering various options, including alternatives to transitioning to a run-off model, and sees the possibility that the review could lead to a viable transaction. LCM is in regular contact with the secured lender, which is supporting the process through covenant relief, but stresses that there is no certainty a transaction will occur. The review is being led by CEO Patrick Moloney and CFO David Collins together with independent adviser Luminis Partners; Cavendish is acting as Nominated Adviser and Broker. » Altro su de.investing.com